United Kingdom

Fear of no-deal triggers Irish gold rush

19 Jan 2019; AFP: In a vault under the streets of Dublin a pot of gold owned by anxious investors is growing every day Britain edges closer to leaving the EU without a deal.

"They're worried about a significant devaluation in sterling if there's a hard Brexit," said Seamus Fahy.

Fahy is co-founder of Merrion Vaults, a gold brokerage and safe deposit facility in the centre of the Irish capital.

Britain's May to miss Davos to focus on Brexit

17 Jan 2019; AFP: British Prime Minister Theresa May will miss next week's annual World Economic Forum meeting in Davos to focus on Brexit negotiations, sending ministers in her place, Downing Street said on Thursday.

"She will not be going to Davos. She will be focused on matters here," May's spokeswoman said, adding that "there will be government ministers attending".

UK PM starts talks on new Brexit deal after winning confidence vote

LONDON, Jan. 16 (Xinhua) -- British Prime Minister Theresa May won a vital confidence vote in the House of Commons Wednesday, averting a snap general election that could have ushered in a Labour government.

After seeing off a challenge that would have triggered a battle for control of Downing Street, May announced she would be having immediate talks with leaders of opposition parties to thrash out a new Brexit deal.

British PM May wins confidence vote

London, Jan 17 (PTI) Embattled British Prime Minister Theresa May won a confidence vote on Wednesday and averted a general election, a day after her government suffered a historic parliamentary defeat over her Brexit divorce deal with the European Union.

Her government won by 325 votes to 306 - a majority of 19.

Labour leader Jeremy Corbyn argued that May's "zombie" administration had lost the right to govern during a six hour debate on his motion.

His party has not ruled out tabling further no-confidence motions.

British PM faces confidence vote after Brexit humiliation

16 Jan 2019; AFP: Prime Minister Theresa May faced a confidence vote on Wednesday after MPs overwhelmingly rejected her deal on leaving the European Union, raising fears of a disorderly "no-deal" Brexit.

The humiliating defeat left the process in limbo with 73 days to go before the official departure date and raised warnings of Britain crashing out of the bloc.

British PM faces defeat in historic Brexit deal vote

London, Jan 15 (AFP) British Prime Minister Theresa May faces crushing defeat in a historic vote in parliament on Tuesday over the Brexit deal she has struck with the European Union, leaving the world's fifth biggest economy in limbo.

With just over two months to go until the scheduled Brexit date of March 29, Britain is still bitterly divided over what should happen next and the only suspense over the vote is the scale of May's defeat.

UK lawmakers prepare to deliver verdict on EU divorce deal

LONDON (AP) — British lawmakers were preparing to deliver their verdict on Prime Minister Theresa May’s divorce deal with the European Union on Tuesday after more than two years of political upheaval.

All signs point to it receiving a resounding thumbs-down from Parliament, a development that would throw British politics further into turmoil, just 10 weeks before Britain is due to leave the EU on March 29.

British PM warns of "catastrophe" in last minute plea for Brexit deal

LONDON, Jan. 13 (Xinhua) -- British Prime Minister Theresa May said on Sunday that a failure to support her Brexit deal will be catastrophic for Britain.

In a strongly worded plea to politicians, May described the vote due to be taken in the House of Commons on Tuesday as the biggest and most important decision MPs will be taking in a generation.

Writing in the Sunday Express newspaper, May told the people of Britain: "You have delivered your instructions. Now it is our turn to deliver for you. We cannot, and must not, let you down."

Whole world wishes to see no-deal Brexit averted, Japan's PM

LONDON, Jan. 10 (Xinhua) -- Visiting Japanese Prime Minister Shinzo Abe told his counterpart, Britain's Theresa May, in London Thursday that he supported the Brexit deal she has agreed with the European Union (EU).

After a high-level meeting with May at 10 Downing Street, Abe said: "It is the strong will of Japan to further develop this strong partnership with the UK, to invest more into your country and to enjoy further economic growth with the UK.

"That is why we truly hope that a no-deal Brexit will be avoided, and in fact that is the whole wish of the whole world."

Jaguar Land Rover to cut 5,000 jobs

LONDON (AP) — Britain’s media is reporting that Jaguar Land Rover will announce up to 5,000 job cuts as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union.

The BBC says the luxury carmaker will cut around 5,000 jobs in marketing, management and administrative roles. The company employs about 44,000 people in the U.K.

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